Harpswell Capital Advisors LLC Takes $5.80 Million Position in Capital Group Growth ETF $CGGR

Harpswell Capital Advisors LLC bought a new position in shares of Capital Group Growth ETF (NYSEARCA:CGGR) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 132,100 shares of the company’s stock, valued at approximately $5,802,000. Capital Group Growth ETF accounts for about 5.5% of Harpswell Capital Advisors LLC’s portfolio, making the stock its 4th biggest holding.

Several other large investors have also recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. grew its position in Capital Group Growth ETF by 806.5% in the 3rd quarter. Hazlett Burt & Watson Inc. now owns 562 shares of the company’s stock worth $25,000 after purchasing an additional 500 shares during the last quarter. Atlantic Union Bankshares Corp acquired a new position in shares of Capital Group Growth ETF during the third quarter valued at about $25,000. Banco de Sabadell S.A bought a new stake in shares of Capital Group Growth ETF in the second quarter valued at about $47,000. Armstrong Advisory Group Inc. bought a new stake in shares of Capital Group Growth ETF in the third quarter valued at about $52,000. Finally, Archer Investment Corp grew its position in Capital Group Growth ETF by 29.9% during the third quarter. Archer Investment Corp now owns 1,715 shares of the company’s stock worth $75,000 after buying an additional 395 shares in the last quarter.

Capital Group Growth ETF Stock Up 0.9%

Shares of CGGR opened at $43.60 on Tuesday. The stock’s 50-day moving average price is $44.56 and its 200 day moving average price is $43.74. The firm has a market capitalization of $19.31 billion, a price-to-earnings ratio of 30.88 and a beta of 1.17. Capital Group Growth ETF has a 12-month low of $29.23 and a 12-month high of $45.83.

Capital Group Growth ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Monday, December 29th. Investors of record on Friday, December 26th were given a $0.0424 dividend. This represents a yield of 19.0%. The ex-dividend date of this dividend was Friday, December 26th.

Capital Group Growth ETF Company Profile

The Capital Group Growth ETF (CGGR) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund that invests predominantly in US companies of any market capitalization. The fund seeks to provide capital growth. CGGR was launched on Feb 22, 2022 and is managed by Capital Group.